Archived News

27/03/2014 (Supermarket News) - Safeway will give preference to suppliers of 100% verified sustainable palm oil and set a goal of using only sustainable palm oil in all of its Safeway-brand products, said New York State Comptroller Thomas DiNapoli in a statement, Tuesday.

27/03/2014 (The Star) - Some mild fund buying of Public Bank, TM and SapuraKencana Petroleum enabled the FBM KLCI to close higher on Wednesday amid a firmer broader market.

26/03/2014 (Reuters) - Malaysian palm oil futures ended higher on Tuesday, recouping from a drop early in the day to snap three days of losses as low prices attracted bargain hunters, although poor export data put a lid on gains.

26/03/2014 (GhanaWeb) - B-BOVID, an agribusiness based on social entrepreneurship principles, is introducing a unique profit-sharing concept to its oil palm enterprise which, will greatly benefit local farmers and their communities.

26/03/2014 (Bernama) - China edible oil producer, Henan Xinghe Oil and Fat Co Ltd, plans to introduce its branded oil products to Malaysia in the wake of a proposed reverse takeover (RTO) of Key West Global Telecommunications Bhd.

26/03/2014 (Bernama) - Moody's Investors Service expects to see palm oil players to issue sukuk this year to tap the Malaysian market for funding.

26/03/2014 (Financial Express) - Ruchi Soya Industries, one of India's largest edible oil companies, plans to double its domestic production of crude palm oil (CPO) in four years, company officials said. The company is currently the leading player in oil palm processing in the country, with access to nearly 2 lakh hectares of land that can be utilised for oil palm cultivation. India is the world's biggest buyer of vegetable oil, importing nearly 60 % of its annual consumption.

26/03/2014 (Environmental Leader) - Colgate-Palmolive has issued a new Policy on No Deforestation, including a pledge to achieve full traceability of its palm oil supply back to the plantation by 2015.

26/03/2014 (The Star) - The key FBM KLCI dipped into the red at midday on Wednesday amid volatile trading, dragged down by mild profit taking on CIMB, IOI Corp and UMW.

25/03/2014 (Reuters) - Malaysian palm oil futures fell to a more than one-month low on Monday, giving up gains from the early session to extend losses into a third straight day on fears of lacklustre demand for the tropical oil, although tight stocks kept prices propped up.

25/03/2014 (Environmental Leader) - General Mills said it will source 100 percent of its palm oil from responsible and sustainable sources by 2015, a commitment it first made in 2010.

25/03/2014 (NNT) – Mr. Suwit Chuawichian, the Director of Regional Investment and Economic Center 6, Board of Investment or BoI, reports that investment in southern provinces in 2014 continues to expand, after the highest number of applications for investment promotion in the past five years in 2013. This year, the direction of investment in the South is favoring the crude palm oil and rubber industries.